Mondelez (MDLZ) Reports Q2 Beat, Provides 2022 Outlook and Raises Dividend

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Go back to Mondelez (MDLZ) Reports Q2 Beat, Provides 2022 Outlook and Raises Dividend

Mondelēz International Reports Q2 2022 Results

July 26, 2022 4:06 PM EDT

Second Quarter Highlights

Net revenues increased +9.5% driven by Organic Net Revenue1 growth of +13.1% with underlying Volume/Mix of +5.1%Diluted EPS was $0.54, down 28.9%; Adjusted EPS1 was $0.67, up +9.1% on a constant-currency basisYear-to-date cash provided by operating activities was $2.0 billion, an increase of +$0.2 billion versus prior year; Free Cash Flow1 was $1.6 billion, +$0.2 billionReturn of capital to shareholders was $2.5 billion in the first half of the yearAnnounced agreement to acquire Clif Bar, a leader in high growth, well-being snack bars, creating a $1+ billion global snack bar businessAnnouncing... More